7-Eleven parent rejects acquisition proposal from Canada-based convenience store giant

Seven & i on Friday declined the preliminary proposal that Alimentation Couche-Tard made last month to acquire the Japanese corporate parent of the 7-Eleven convenience store chain.The decision was a "unanimous" one from Seven & i’s board based on a unanimous recommendation of the special committee that the company put together to weigh the proposal, Chairman Stephen Dacus wrote in a letter.Couche-Tard, whose brands include Couche-Tard, Circle K and Ingo, had proposed spending $14.